Firm files for yield-bearing ETF based on the MicroStrategy stock

Firm files for yield-bearing ETF based on the MicroStrategy stock
фото показано с : invezz.com

2023-12-8 15:47

YieldMax, an exchange-traded fund (ETF) provider firm specializing in single stock option ETFs, is looking to add to its list of products with an ETF based on the MicroStrategy’s stock.

The company filed to launch the yield-bearing ETF with the United States Securities and Exchange Commission (SEC) on December 7.

YieldMax’s MSTR Option Income Strategy ETF (MSTY) will be listed on NYSE Arca, Inc. in 2024 if approved by the SEC. Here’s ETF analyst James Seyffart’s reaction to the news.

Interesting: @YieldMaxETFs has filed to launch one of their ETFs based on microstrategy / $MSTR. Will trade under the ticker $MSTY pic.twitter.com/dOnQvpJRcP

— James Seyffart (@JSeyff) December 7, 2023

According to details in the filing, MSTY will offer a “combination of standardized exchange-traded and FLexible EXchange (FLEX) call and put option contracts.” The ETF will not hold any MSTR, rather it will be a traded derivative based on MicroStrategy’s shares.

While MSTY is an options ETF for MSTR, YieldMax says its performance won’t mirror that of MSTR’s price. Among things to bring about performance differences will be the changes in the MSTR options contracts value as held by the fund and changes in US Treasuries.

Holders will get monthly payouts in cash distributions.

YieldMax currently offers 18 such ETF products based on the stocks of Apple, Tesla, Microsoft, Amazon and Nvidia.

MicroStrategy’s Bitcoin bet

MicroStrategy has been one of the top performing stocks in the market year-to-date. MSTR has gained 293% YTD, with the company’s stock surging alongside that of Bitcoin (BTC). Bitcoin price has increased more than 160% year-to-date, and was trading around $43,600 on Friday after retreating from highs above $44k.

Michael Saylor, the founder of MicroStrategy, recently revealed that his company had acquired another 16,130 bitcoins, bringing the firm’s total haul to 174,530 BTC. The company’s total holdings were acquired at a total of $5.28 billion, with the average purchase price at $30,252.

With the price of Bitcoin above $43k, Saylor’s BTC bet boasts paper profits of over $2.2 billion.

The post Firm files for yield-bearing ETF based on the MicroStrategy stock appeared first on Invezz

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

EthereumFog (ETF) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 ETF

etf stock based firm option yieldmax yield-bearing

Источник: invezz.com

etf stock → Результатов: 126


Bitcoin Spot ETF Approval: Why Price Could Be Set For 300% Surge

Bitcoin’s (BTC) price could be set to experience a 300% surge if a Spot Bitcoin ETF is finally approved by the United States Securities and Exchange Commission (SEC). BTC Could Surge 300% When A Spot ETF Is Approved The predictions of Bitcoin experiencing a 300% surge in its price from analysts can be traced back to the growth of Gold over the years after a Spot Gold ETF (SPDR Gold Shares) was approved back in November 2004, and listed on the New York Stock Exchange (NYSE).

2023-10-25 03:00


BlackRock’s New Strategy: This Could Be The Key To Securing Bitcoin ETF Approval

BlackRock, the world’s largest asset manager, applied with the US Securities and Exchange Commission (SEC) for its iShares Bitcoin (BTC) Trust to be listed and traded on the Nasdaq stock exchange. However, the SEC has previously expressed concerns about the potential for market manipulation related to Bitcoin prices and has cited this as a reason for […]

2023-6-17 23:00


Фото:

Schwab to list its first crypto ETF on NYSE

Schwab Asset Management will launch its first crypto-related exchange traded fund (ETF) on the New York Stock Exchange (NYSE) next week, the asset manager said in a press release on Friday. According to the platform, the Schwab Crypto Thematic ETF (STCE) will not offer direct investment on any cryptocurrencies, but only track companies likely to […] The post Schwab to list its first crypto ETF on NYSE appeared first on Invezz.

2022-7-30 20:26


Russia’s Largest State-Owned Bank Introduces Country’s First Crypto and Blockchain ETF

Sberbank, the largest and state-owned Russian bank, has introduced the country’s first exchange-traded fund (ETF) to offer exposure to companies involved in the blockchain industry. The fund launched by the bank is called Sberbank Blockchain Economy ETF that trades on the Russian stock market under the ticker “SBBE,” Sber Asset Management said in a statement.

2021-12-31 17:48


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

MicroStrategy bought 25,250 bitcoins in Q1: find out more

MicroStrategy Inc (NASDAQ: MSTR) is pushing down in extended trading on Monday after coming in shy of Street estimates for its first financial quarter. How many Bitcoin does $MSTR hold in total? Shares are climbing also because the company based out of Virginia, United States spent $1.

MicroStrategy stock rallies on a super bullish analyst note

MicroStrategy Inc (NASDAQ: MSTR) is up more than 10% on Monday after a Benchmark analyst issued a super bullish note in its favour. Why is Benchmark bullish on MicroStrategy stock? Mark Palmer reiterated his “buy” rating on the business intelligence company that owns close to a quarter-million Bitcoin and said its shares could climb to […]

Bitcoin price surge sparks bullish sentiment in Bitcoin-related stocks

Bitcoin’s recent price surge has sent shockwaves through the cryptocurrency market, and its impact is resonating strongly in stocks that are related to Bitcoin. The BTC price surge is attributed to news of iShares Spot Bitcoin Trust being listed on The Depository Trust & Clearing Corporation (DTCC).